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07 December 2022 | Story Samkelo Fetile
Students from the UFS Department of Economic and Management Science
Students from the UFS Department of Economic and Management Science attend the British Council’s Innovation for African Universities (IAU) Programme.

The British Council’s Innovation for African Universities (IAU) Programme brings together universities across sub-Saharan Africa and the UK with organisations supporting sub-Saharan African ecosystems. The programme aims to grow universities’ capabilities for fostering innovation and entrepreneurship.

Supporting youth social entrepreneurship

The Supporting Youth Social Entrepreneurship (SYSE) project is part of the IAU programme, and includes 24 projects (in Ghana, Kenya, Nigeria, and South Africa) funded through the IAU programme. The SYSE project is being delivered by the University of the Free State (UFS) Centre for Development Support, working with Challenges Ghana and Scotland’s Glasgow Caledonian University

Professor Deidre Van Rooyen, Associate Professor at the Centre for Development Support, said, “The programme teaches students in terms of social justice, creating change in communities, and making a difference, which all aligns with our vision as UFS.” The project trained 50 students on aspects of social entrepreneurship, and groups of five were matched with 10 NGOs.  In this way the knowledge they gained was transferred to community projects. “Ultimately, these organisations are now able to become more self-sustainable.”   

Prof Van Rooyen added that the project benefits the UFS as it also touches on the University’s three main pillars. “Teaching, research, and engaged scholarship are what the UFS aspires to do and, through that, students can gain not only theoretical knowledge but practical and soft skills to assist with social changes in society. By working with NGOs and applying social entrepreneurial principles and practice to generate measurable and meaningful outcomes, students will improve (self-) employability and social impact experiences. Students will further obtain hard social and economic skills.”

She concluded that, “If we for example have trained 40 students through the project, as well as teaching programmes in 10 NGOs, just think what type of social impact we can create within the region – touching lives of children, vulnerable people, the elderly, youth, and more.” 


The University will learn later this month whether the British Council will award further funding to the project. 

News Archive

Deputy Governor of SA Reserve Bank inspires students
2016-08-19

Description: Deputy Governor of SA Reserve Bank  Tags: Deputy Governor of SA Reserve Bank

Dr Lyndon du Plessis, Head of Department of Public
Administration and Management, Francois Groepe,
Deputy Governor of the South African Reserve Bank,
Prof Philippe Burger, Head of the
Department of Economics and B.Com Hons student,
Mosoeu Mabote.

Photo: Siobhan Canavan

Students from the Faculty of Economic and Management Sciences had the opportunity to learn from the best in the field when the Deputy Governor of the South African Reserve Bank, Francois Groepe, presented a seminar on the changing roles of central banks.

According to Groepe, we are currently living in challenging times as central banks are called on to do more.

“Central banks have limits, and these limits are not always understood,” he said on 11 August 2016 in the Equitas Auditorium on the Bloemfontein Campus.

How central banks contribute to inflation

There are two main generally-expected roles from central banks: the obvious one of providing bank notes and coins, and the other, maintaining price stability.

According to Groepe, the aim of keeping prices stable is to ensure easier planning for the future, and to assist the poor.

“The poor are the ones more vulnerable to higher inflation because they hardly have enough to get by,” he said.

A negative impact on monetary policies could affect the economy negatively. This is as a result of higher inflation caused by the increase in food prices.

Furthermore, the 12% government debt renders a negative yield in the economy.

The stability of finances in South Africa


Financial stability is not an end in itself, but, like price stability, is generally regarded as an important precondition for sustainable economic growth, development, and employment creation.

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